WorkSafe BC - maximum assessable earning for 2021 are incorrect in QBO Payroll calculations

Hi DragonZ,

Welcome back to the Community. I trust that business is going well on your end. QuickBooks offers the flexibility you need to manage your work with peace of mind. I'll be happy to steer you in the right direction so your payroll calculations are accurate. 

Based on what I've described, I encourage you to check this helpful article here that shows you the calculation for WSBC in QuickBooks. Since the calculations are being calculated as expected, I encourage you to contact our support team so they can share your screen and assist you further with this. Here are our contact details:

• Schedule a Callback or start a Chat: click (?)Help in the upper right in QuickBooks Online > type and enter "Contact support" into the QB Assistant > click Contact Us > explain your situation > click Let's Talk > choose Get a callback or Start a Chat.
• Social Media: Facebook, Twitter, and Instagram.
• Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.

Feel free to keep me posted on how you make out. I'll be one message away in case you need anything else. 

Hello JamesM4

The link provided has does not mention the maximum assessible earnings for each employee.  There is no place in QBO that I can change the maximum assessible earnings.

You stated: You Since the calculations are being calculated as expected.

If this is the case then the expectations are wrong.

QBO stops calculating WSBC after assessible earnings of about $87,100 per employee.  This is the maximum assessable earnings for 2019.  The maximum assessable earnings for 2021 are $100,000 per employee.

Compensation-Related Maximum Wage Rates - WorkSafeBC

I do not want to contact the support team where I will need to spend an hour explaining this again and then it will be referred to someone who can fix the problem.  How about you do that for me now?

Correction.  $87,100 is the maximum assessable earnings for 2020.

Hello DragonZ. Glad to hear back from you. Since this is a public platform, I recommend contacting our support team for further assistance with this. I'll be happy to answer any other questions and help point you in the right direction with this. I'll be on standby. 

As expected calling the support line resulted in a two hour session which ended in creating a support ticket.  Now we see if QB can figure this out before 2022.

Did they figure this out for you? My corporation is setup to pay an employee by entering in my corporation's WorksafeBC rate, and then it calculates my corporation's premiums based on that employee's salary which their salary higher than the maximum wage rate set by WorksafeBC for this year. Meaning, Quickbooks is not accounting for the maximum wage rate for 2023, it's just using the full salary amount to calculate the premium. If I just let it be I'd be paying the premium next fiscal year in March, and then asking WorksafeBC for a repayment because of an overpayment. This doesn't seem right. 

I haven't checked lately.  I just do manual Worksafe calculations based on the payroll reports.  Worksafe annual maximums are calculated by person by calendar year, so you don't have to worry about 2023 for a while.